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Sandoz Does Not Budge On 2022 Expectations Despite Positive Start

Q1 Revenues Improve By 8% At CCs While Bottom Line Soars – With Caveats

Executive Summary

A weak base for the prior year and several one-time items allowed Sandoz to post positive financial results for the first quarter of 2022, including a 26% jump in the company’s core operating profit. Electing not to upgrade its expectations for Sandoz this year, Novartis will continue to monitor the business amid an ongoing strategic review.

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Following a year marked by aggressive pricing pressures weighing down on revenues and margins – pressures that “intensified beyond historical norms and our recent expectations,” as one company put it – the first quarter of 2022 provided some green shoots of optimism, albeit for companies that have been able to shift resources to more complex assets.

Can The Pipeline Soothe A US Generics Pricing Headache?

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